CORPORATE restructuring and recovery specialist MCR has targeted Birmingham as the location for its first office in the Midlands. Based in the heart of the city, the new office is located in Newhall Street.
MCR has also appointed John Whitfield as managing partner for the office. Mr Whitfield has 20 years experience in the corporate restructuring and recovery market, most recently as National Head of the Asset Based Lending group at two leading UK firms.
In addition to developing a strong reputation for advice to the Asset Based Lenders, he has developed solid relationships with all the major banks during his career. He has also acted for directors and shareholders of distressed businesses on a wide range of financial problems.
Solutions have included ensuring that buy-in is achieved from all major stakeholders by using a variety of solutions, including Company Voluntary Arrangements, Accelerated M&A, Creditor assisted Management Buy-outs and insolvency solutions
His experience spans a number of industry sectors including Automotive, Transport and Logistics, Manufacturing, Technology, Property, Retail, Professional Sports Clubs Nightclubs, Pubs and Restaurants and Publishing.
The expansion comes soon after MCR’s entry into this year’s Accountancy Age Top 50+50 survey. For the first time in its nine-year history MCR entered the Top 50, ranked at 27 having reported a 20.7% increase in UK fees year on year.
Andrew Stoneman, managing partner, MCR, said: “I am pleased to say that the MCR business continues to grow and develop with a core aim of providing high quality restructuring services to lenders and borrowers on a national basis.
“The new office in Birmingham is an addition to MCR’s London and Manchester offices means that our clients in the Midlands will be able to work with us in a far more local and pro-active way. As usual we have great expectations and want to bring our difference and passion for helping businesses and people in financial trouble to the region.”
